Key Takeaways:
U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced some operations to shutter. Since then, the early 2020s have seen a rapid change in federal and state biofuel policies that have made biodiesel derived from soyoil and other renewable feedstocks exceptionally valuable, boosting soyoil prices and crush margins. Since 2021, WPI estimates the industry has added 15 new crushing facilities and expanded operations at 6, adding 1.2 billion bushels of capacity to the industry. Looking ahead, the industry&rsqu...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh has asked the USA for technical assistance to improve grain storage and strengthen quality testing of imported grains. Of major importance to Bangladesh is the “technology to improve grain preservation and grain s...
